Nautilus 2001 Annual Report Download - page 38

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DIRECT FOCUS, INC.
CONSOLIDATED BALANCE SHEETS
December 31, December 31,
2000 2001
------------- -------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 77,181,064 $ 35,638,944
Short-term investments, at amortized cost -- 16,069,691
Trade receivables (less allowance for doubtful accounts of:
$352,279 and $2,064,139 in 2000 and 2001) 4,941,286 24,858,295
Inventories, net 12,653,117 45,516,207
Prepaid expenses and other current assets 591,453 2,006,623
Notes receivable -- 2,671,838
Current deferred tax asset 950,363 1,425,190
------------- -------------
Total current assets 96,317,283 128,186,788
------------- -------------
PROPERTY, PLANT AND EQUIPMENT, NET 16,668,884 25,228,130
OTHER ASSETS 4,140,277 40,489,574
------------- -------------
TOTAL ASSETS $ 117,126,444 $ 193,904,492
============= =============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables $ 12,335,776 $ 25,255,352
Accrued liabilities 5,344,225 10,888,442
Income taxes payable 2,542,967 4,792,170
Royalty payable to stockholders 1,481,886 1,885,186
Customer deposits 2,092,611 999,759
------------- -------------
Total current liabilities 23,797,465 43,820,909
------------- -------------
LONG-TERM DEFERRED TAX LIABILITY 462,004 2,669,540
COMMITMENTS AND CONTINGENCIES (Notes 8 and 15)
STOCKHOLDERS' EQUITY:
Common stock - authorized, 75,000,000 shares of no par value;
issued and outstanding, 2000: 35,317,773 shares, 2001:
34,954,790 shares 16,812,476 4,900,241
Retained earnings 76,054,499 142,637,163
Accumulated other comprehensive loss -- (123,361)
------------- -------------
Total stockholders' equity 92,866,975 147,414,043
------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 117,126,444 $ 193,904,492
============= =============
See notes to consolidated financial statements.
36
2002. EDGAR Online, Inc.